antrix corporation: Big win for Antrix as US court reverses $1.3 billion damages order

An American court has ruled in favour of India's space agency, Antrix, in a long-running legal battle with Devas Multimedia and its foreign investors over a failed satellite deal in 2005. The Ninth Circuit Court in California overturned the confirmation of the ICC award of $1.3bn against Antrix that had been granted to Devas, declaring that the district court "erred in exercising personal jurisdiction over Antrix."

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